Limbach Holdings, Inc. (NASDAQ:LMB) Shares Sold by SG Capital Management LLC

SG Capital Management LLC decreased its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 85.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,283 shares of the construction company's stock after selling 66,345 shares during the quarter. SG Capital Management LLC owned 0.10% of Limbach worth $965,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of Limbach in the 4th quarter valued at about $37,000. Comerica Bank grew its holdings in Limbach by 727.4% in the fourth quarter. Comerica Bank now owns 695 shares of the construction company's stock valued at $59,000 after purchasing an additional 611 shares during the period. US Bancorp DE purchased a new stake in shares of Limbach in the fourth quarter valued at approximately $115,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Limbach in the fourth quarter valued at approximately $154,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Limbach during the 4th quarter worth approximately $223,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now owns 164,600 shares in the company, valued at $12,415,778. This trade represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on LMB shares. Lake Street Capital upped their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Roth Capital reissued a "buy" rating on shares of Limbach in a report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $103.00 price target on Limbach in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $102.67.

Limbach Price Performance

Shares of NASDAQ LMB opened at $122.54 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 55.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. The stock's 50-day moving average is $88.36 and its two-hundred day moving average is $90.25. Limbach Holdings, Inc. has a 1-year low of $47.22 and a 1-year high of $128.17.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company had revenue of $133.11 million for the quarter, compared to analysts' expectations of $121.06 million. During the same period last year, the firm earned $0.69 earnings per share. Limbach's quarterly revenue was up 11.9% on a year-over-year basis. Analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

About Limbach

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.

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